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Ferrari to unveil its first EV this year as it reports strong rise in profits

Luxury carmaker posts 14% increase in sales to €1.7bn, leading to record revenue per shipment

Ferrari said it would unveil its first electric vehicle in early October as the Italian luxury-car maker posted a sharp rise in quarterly profits on the back of increased personalised features.

Chief executive Benedetto Vigna said the carmaker would present an all-electric model that would be “unique” in style, performance and driving experience. 

“Don’t ask me anything about the electric car. The Ferrari model, we will announce in a unique and innovative way,” said Vigna at the earnings briefing. 

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